What is the primary function of a Gantt Chart in project management?

The primary function of a Gantt Chart in project management is to represent project schedules visually. This tool allows project managers and teams to see the timeline of a project at a glance. By detailing tasks, their durations, and their dependencies, a Gantt Chart helps in planning and coordinating all aspects of a project effectively.

The visual nature of a Gantt Chart makes it easier for stakeholders to understand the project timeline, track progress, and ensure that tasks are completed on schedule. It displays when each task is supposed to start and finish, along with the relationships between different tasks. This clarity assists in resource allocation, scheduling, and monitoring the overall project progress.

In contrast, other options focus on different aspects of project management. For instance, computing statistical averages refers to data analysis rather than project timing, while identifying risks involves a different process of risk management. Managing project budgets is a critical function but separate from the scheduling focus that Gantt Charts provide. Thus, the correct answer emphasizes the Gantt Chart's role in visually representing schedules, which is essential for effective project management.